Is Rigetti Computing Stock a Buy?
Quantum computing could be the next technology to deliver groundbreaking capabilities, following on the transformative power of artificial intelligence. One of the companies racing to create a scalable quantum computer is Rigetti Computing (NASDAQ: RGTI).
As investors caught on to the potential of quantum computers, Rigetti stock skyrocketed to a 52-week high of $21.42 in January. Since then, several factors, such as recent stock market volatility driven by President Donald Trump's unpredictable tariff plans, caused share prices to slump.
Now, Rigetti stock is down 47% year to date through April 21. Does this create a buy opportunity, or are there reasons to avoid the stock? Let's find out.
Source Fool.com
